CORPORATE
CORPORATE DISPUTES
No questions on Sevashram, please
At pains to show that all's well in the Bajaj family, Mr Rahul Bajaj during his media-interaction announced that his nephew Kushagra's family just had a baby boy. But the media interface came to an abrupt close, with a query on cross-holdings ...
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OVERSEAS BORROWINGS
Suzlon plans $300-m FCCB issue
Wind power major Suzlon Energy Ltd plans to raise $300 million through issue of foreign currency convertible bonds (FCCBs). The bonds will be listed on Singapore Stock Exchange. The five-year FCCBs are convertible at a price of ...
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AUDITING
ICAI mulls audit partner rotation for listed firms
Move aimed at quality control for audit firms
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HUMAN RESOURCES
Thomson Scientific starts centre in Chennai
Editorial operations will be concentrated in Chennai, Hyderabad
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RESTRUCTURING
Bajaj forms 2 separate cos for auto, financial services
Rahul Bajaj will be chairman of all three companies
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Some relief for investors from two wheeler woes
The stock markets have usually tended to greet de-merger proposals, especially complicated ones, with initial suspicion (Reliance Industries is a leading example) and Bajaj Auto's announcement was no exception. That it was also accompanied by ...
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A new journey begins for Bajaj brothers
They married their respective college sweethearts just one day apart of each other in December 1994, and even held a common reception for invitees. They live together, albeit in different wings, in their parents' large house on the ...
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Allianz can raise stake in Bajaj ventures
The Munich-based Allianz SE can raise equity stake in its life and non-life insurance ventures with Baja Auto, when the Government hikes the permissible foreign direct investment limit from the current 26 per cent. Allianz has the option to raise ...
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Bajaj Auto shares fall by over 6%
Shares of Bajaj Auto today plunged on the bourses by over 6 per cent on news that the joint venture partner of the company's insurance business, Allianz SE, has the right to exercise certain call options and increase its stake to 74 per cent ...
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Usha Martin's captive mines will meet steel plant's needs
New coal mines fully functional by December
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NEW PROJECTS
Kerala in pact with Russian co for titanium-based unit
`Plans to establish chain of industries utilising rich mineral deposits'
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OVERSEAS INVESTMENTS
Dabur Pharma eyes global buys
Dabur Pharma, rich from the recent divestment of its non-oncology business, is looking to acquire an international distribution and marketing company. "China is one of the geographical markets we are focusing on. It is one of the regions under ...
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REGULATORY BODIES & RULINGS
Ministry of Co Affairs is now Ministry of Corporate Affairs
It is engaged in complete revamp of legal framework
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ALLIANCES & JOINT VENTURES
SpiceJet plans raising its fleet size to 25
Ties up with Tata AIG for travel cover
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ECEL to market foreign cranes
Escorts Construction Equipment Ltd (ECEL), a subsidiary of Escorts Ltd, has announced that it has tied up with two international companies to market their products in India. ECEL, in a release, said that it has tied up with ...
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Ginger Hotels partners with Café Coffee Day
Ginger Hotels, the `Smart Basics' hotels from Indian Hotels Corporation Ltd, announced a partnership with Café Coffee Day on Thursday, for opening the Coffee Day's outlet in its hotel. The outlet would be open to all, and not just the hotel's ...
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GAIL, HPCL tie up for city gas project in Rajasthan
GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL) on Thursday signed a joint venture agreement for city gas distribution projects in Rajasthan. This will be the third joint venture between the two State-owned companies and GAIL's ...
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SOCIETY & DEVELOPMENT
Travelling tools
An initiative to enhance the skills and livelihood of self-employed rural artisans.
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SICK UNITS
IFCI to sell Arihant Ind unit
To recover its dues, the Industrial Finance Corporation of India has advertised for sale of one of the units of Arihant Industries Ltd at Baddi, Himachal Pradesh. In a statement, the Corporation has said that the reserve price ...
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PEOPLE
New Chairman for Sami group
Dr R.K. Bammi, a member of the board of directors of Sami Labs Ltd, has been appointed Chairman of the Sami group of companies, a company release said. Dr Muhammed Majeed, founder of the company, will continue to be the ...
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